Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Price Prediction: Is BTC Price Heading to $85000 as Whales Accumulate Ahead of a Short Squeeze

Share This Post

Crypto News Today (Jan 31st 2025) BTC Price Now at $104k Jasmy Coin Surges 25%

The post Bitcoin Price Prediction: Is BTC Price Heading to $85000 as Whales Accumulate Ahead of a Short Squeeze appeared first on Coinpedia Fintech News

With a notable rise in the Bitcoin price, the market participants seem to have turned hopeful of the upcoming trend. Moreover, the whales have also tuned optimistic, which may have a positive impact on the rally. The crypto markets required a small bullish boost, which seems to have come in the form of tariff relaxations. Therefore, the BTC price and markets are expected to maintain a consolidated ascending trend unless new turbulence disrupts the trade dynamics. 

Ever since the trade war began, whales and institutions have halted the accumulation of BTC. Besides, the ETFs also recorded consecutive outflows, hinting towards the growing uncertainty among them. Now that the pressure over the global markets appears to have dropped, the whales have yet again begun to accumulate Bitcoin. This suggests a major price action is fast approaching. 

Source: X

The whale’s accumulation of over $147 million worth of BTC points towards a major shift in the market dynamics. Whenever the whales accumulate heavily, the broader crypto market often undertakes a strong rise. The liquidation chart of Bitcoin validates bullish possibilities as the token could be heading towards a short squeeze. 

The Bitcoin price underwent a massive upswing and attracted more than 11% gains, which is huge for the star token. Currently, the price is consolidating around the gains, which raises the possibility of a short squeeze. This occurs when the short sellers who got liquidated due to the price rise are forced to buy back at the local highs to recover the positions. This is expected to trigger the prices up, yet again liquidating the shorts. 

However, the Bitcoin (BTC) price is required to surpass the crucial resistance at $86,900, which may set the stage for a new ATH, as suggested by the Mayer Multiple. Otherwise, levels slightly below $70,000 may offer a strong base. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Outperforms on ETF Growth, SEC Resolution, Ripple Acquisition

XRP roared into 2025 as the breakout crypto winner, outpacing rivals with ETF inflows, regulatory breakthroughs, and Ripple’s $125B acquisition turbocharging institutional dominance XRP Leads With

Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action

Following another impressive weekly performance, the price of Bitcoin is now trading above the psychologically relevant $100,000 mark The flagship cryptocurrency jumped as high as $103,800, its

Bitcoin Climbs to $104.9K After Trump Hints at ‘Total Reset’ With China

Bitcoin soared past $104,900 on Saturday evening, gaining 2% in the wake of President Donald Trump’s announcement on Truth Social about a breakthrough in trade talks with China Trump’s Truth

Concerns over Trump’s conflict of interest are slowing the progress of broader crypto policy

Discussions around the personal enrichment and potential conflict of interest arising from US President Donald Trump’s crypto asset ventures gained steam over the past week These concerns are

$120K Was Too Low—Standard Chartered Apologizes for Undervaluing Bitcoin

Bitcoin’s parabolic rise past $100K has Standard Chartered backpedaling fast, admitting its $120K forecast underestimated the explosive power of institutional momentum Standard Chartered Apologizes

Bitcoin ETFs Hit $40 Billion Inflows, Setting Historic Crypto Record

Based on figures that Bloomberg analyst James Seyffart has shared, spot Bitcoin ETFs have already attracted over $40 billion in lifetime inflows On May 8, 2025, investors pumped new money in,